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Three microlevel theories of socialization
Communication Systems
Tools, processes, and technologies used to facilitate the exchange of information among people and devices.
Geographical Location
The specific physical place where a company is situated, which can significantly impact its operations and market reach.
Just-In-Time (JIT)
An inventory management strategy where materials and products are produced or acquired only as needed for immediate use, reducing waste and inventory costs.
Holding Inventory
The process of keeping stock of goods or materials on hand to protect against fluctuations in demand or supply.
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